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The deal, which is valued at $60 million, will allow the company to expand its operations in the US and Canada.
Xponential Fitness is a leading fitness franchise in the US.
Xponential has acquired the rights to sell the Australian brand and its franchises in Canada and the US.
Body Fit Australia will continue to operate as its master franchisor in these countries.
Many of the BFT’s owners are Australian sports figures, such as Nick Riewoldt, George Bailey, Tim Paine, and the Aubussons.
The company’s joint CEO Richard Burnet and Cameron Falloon said that they were excited to partner with a leading global fitness operator.
With over 35,000 members and a strong franchise base, BFT is well positioned to take on the next level.
Although Xponential bought the BFT intellectual property, the original owners still own it.
BFT was founded by Mr Falloon, who used to be a personal trainer to Princess Diana. He founded the company in 2017 and has since sold over 300 franchises globally.
BFT, which is a franchised gym chain, is expected to add around 300 new studios in the next 12 months. The company currently has 130 locations in the country.
With over 50 locations in the US and 10 other countries, Xponential has studios under various brands such as CycleBar, AKT, and YogaSix.
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With over 20 years of experience in the industry, BFT is well-equipped to expand its reach globally and in the US.
BFT is planning to open 500 studios in the next five years, according to its founder and CEO John Falloon.
This deal follows in the steps of other hugely successful launches from Australian fitness brands include STAX who have experience a great amount off success with their Stax Activewear. You can get a great deal from STAX with a STAX coupon.